Detroit City and Michigan State’s funds have grown with legal casino development over the last two decades.
US.- The Michigan Gaming Control Board (MGCB) revealed that the gaming industry has contributed to the state’s funds with US$4.5 billion during the last two decades. Once the government approved casino legalisation in July 17, 1997, the three gaming venues installed in Detroit have helped develop the city.
In order to celebrate the 20th anniversary of the gaming legislation, Michigan Gaming & Revenue Act, the MGCB released a statement proving the benefits of the legal industry. MGM Grand Detroit, MotorCity Casino Hotel and Greektown Casino-Hotel contribute with 8.1 percent to the state and 10.9 percent to the city on the casinos’ net win, as revealed by Crain’s Detroit Business.
Furthermore, the three Detroit casinos have generated over 1,400 businesses and 6,800 job positions. The gaming industry has set partnerships with approximately 800 companies from Michigan, which boosts the local economy. Near US$1.9 billion generated by casino industry was destined to public system, whilst casinos paid US$2.6 billion in wagering taxes to Detroit.
“The casino industry will continue to change as patrons’ interests evolve and technology brings new ways to game,” added MGCB’s statement. “The MGCB will adapt to these changes and new regulatory challenges while applying regulations reasonably, effectively and efficiently.”